5.0 EDSR 08-10-2009 - Laserfiche WebLink

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June 30, 2009 Mayor Stephanie Klinzing City of Elk River 13065 Orono Pkwy NW Elk River, MN 55330-5600 RE: 2010 Budget Request for Initiative Foundation Support of $5,000. Dear Mayor Klinzing and Members of the Elk River City Council, INITIATIVE FOUNDATION Amid this current economic storm, please know your friends at the Initiative Foundation appreciate the difficult budget situation facing your city, and the weighty decisions you must make. Against this backdrop we are writing with confidence to ask for your continued support of our mission and work. Like you, we are still here and still fighting for our neighbors, friends, and their home towns. The Initiative Foundation remains focused on strong local economies and vibrant communities. Our business financing programs have helped to secure 380 quality jobs in your county. Our grants and leadership programs are providing a safety net for important nonprofit organizations, supporting at-risk businesses, and indirectly assisting displaced workers. Our planning programs are encouraging increased citizen engagement, helping local governments remain focused on their goals, and preserving the region's precious natural resources. Our early childhood and youth leadership programs are preparing central Minnesota's future workforce. Since 1986, donors in Sherburne County have received a whopping 473% return on their Initiative Foundation investments, in the form of grants and economic development loans. This does not include significant growth of business tax-base or a host of other benefits and savings. In light of our twenty-three year performance history and demonstrated impact, we ask that you consider your Initiative Foundation as an investment that transcends the current crisis. Your gift will once again earn adollar- for-dollar McKnight Foundation match, immediately doubling its impact at a time when it is so needed. Within this mailing please find an Impact Update, providing a broad overview of Foundation support since inception, a County Project List, with detailed information for Sherburne County, and a few Fact Sheets describing programs that may be of interest to you and your constituents. G-~ We respectfully ask that you consider our request for $5,000 from the City of Elk River in 2010. Thank you for your consideration! Si cerely, rt Hanson Vice President for Donor Services cc: Gene Waldorf, Chair, h~itiative Foundation Board of Trustees Kathy Gaalswyk, President b(1 ; !~uit~r Sr!u~: rrr ~It I.rrri.r: hni.is. MN ~(93i15 1:()t'nl. ()I'I'(~I:'I'I'\I'1'\ I.I~:NI)I :1:. I'It(1\II)I~;IZ i\\'I) I': ~II'I.<1\I:1:.